Real solutions for a financial recovery which do not cost a single tax dollar.

This is a summary of our initial post, For the full content please see the same title in the March 2009 archives. Please click this link, the full article will appear at the bottom of this page!

It's simple, much if not all of what ails us economically can be solved without costing one thin dime, that is what we mean by a ZERO COST RECOVERY.

Many of today's ills have come from easily reversible causes, here are a few to start you thinking:
- The Bible condemns usury (sort of); whether or not you are religious, this make great sense.

- Big Banks don't work for America or Americans (or anyone else for that matter). Consolidation was touted as a way to lower costs, provide better service and more affordable fees to customers. Can anyone show me an example where these promised economies of scale came to life? How about the lower fees and better service?

- Bigger is not better, that is why anti-trust legislation was enacted. Today's financial crisis was brought to a head by the unvarnished greed of the giant banks, financial institutions and corporations with the complicity of the majority of our legislators, it is just that simple.

- The "Free market" is not the cause of this problem, the fact that it has been castrated, prostituted and redefined by the greedy is. "Free market" does not mean a market without rules, or domination by the richest and most powerful. Without meaningful competition, free markets cannot, and do not, exist - period.

Rollback, update and aggressively enforce meaningful anti-trust & financial sector regulations and the root cause will be eliminated. How about requiring a binding contract guaranteeing that all consumer beneficial promises be a part of all mergers and acquisitions? To be effective, it should include an onerous non compliance clause!

- The Stock Market is not synonymous with the economy, it is gambling pure and simple, and is one of the economy's greatest ills - complete with crooked bookies. A simple truth is wherever there is gambling there are people who find sophisticated ways to cheat.
- "A Free & Independent Press is the Cornerstone of Democracy". I don't know who first said it, but they were spot on. Today's media does not hold the rich and powerful accountable, it is owned by them; they are at the core of the problem.
- Food costs have more than doubled, yet the family farmer is struggling while large corporate farmers are getting huge subsidies. One solution would be enacting anti-trust legislation that forbids the huge conglomerates which are so dominant in critical industries from operating at more than one level in the manufacturing and distribution chain.... Grow it, process it, distribute it or retail it - choose one!
- The price of oil at the well head is dramatically different from the price we see quoted on the TV each night. The difference is created by speculators in the commodities markets (the same holds true for food and other vital commodities). Force the CFTC to re-institute the commodities speculation guideline that were in place prior to 1990.
- Big Pharma spends far more on marketing and lobbyists than on R&D, some say the figure is twice as much. How much do you think this adds to what your prescriptions cost? Lobby our legislators to allow Medicare to negotiate drug costs with their manufacturers and watch prices fall to the levels enjoyed in most other countries.
- Health care costs are skyrocketing yet Physicians pay has decreased dramatically. How much do you think the near monopolies in Health Insurance and HMO's contribute to this?
-Corporations are NOT People. Our Founding Fathers did not think so when they formed our nation, why are we allowing it now?

Monopolies and oligopolies are the root causes of our problems. Cure these ills, and our financial woes will evaporate WITHOUT COSTING ONE DIME.

Friday, November 4, 2011

What happened to the jobs, and how do we get them back?



The facts are clear and incontrovertible. Big corporates are not creating new jobs; meanwhile,  they are being paid a fortune in our tax dollars to ship many of the best paying offshore. The same banks we gave many hundreds of billions of dollars to in order for them to totally recover from the effects of their fraudulent activities are unwilling to offer loans to the real corporate job creators, small businesses, no matter how worthy they are. The people who created the sub-prime mortgage crisis  have used our money to fully recover and reap massive profits while those they fleeced are further decimated.


The financial cream they skimmed from our nation took job supporting industries and the ability for Main Street to recover with it.

In spite of the fact that the re-creation of good paying jobs here at home is the best way to restore the health of our economy and rebuild our middle class, Congress has done absolutely nothing to start this ball rolling, in fact they continue to obstruct it. The core question is why?


The obvious answer is they don't want to. Less obvious is the fact that restoring the jobs engine the super wealthy and corporate greed destroyed has to occur before a really recovery can happen, and it will be neither easy or fast.


In spite of corporate coffers filled with trillions in cash, we are told time and again that they won 't use it to create jobs because they are uncertain about the economy. Is that the real reason, or is it that it is invested where they get a better return than expanding their businesses will bring? The simple fact that their profits are astronomical while Main Street is floundering illustrates the answer.


The simple truth is if investing in jobs was the best way to create short term profits, that is what Corporate America would be doing. If there was a demand for goods and services, investment dollars would be made available to supply it.  


isn reality, it is  the people who reside in the middle and lower levels of the economic pyramid that fuel the demand, but they do not have the discretionary income to do it. The greed at the top has syphoned off the cream that created their ability to buy, and until it is returned, there can be no economic recovery. Good paying jobs and discretionary income are the real jobs creators. Sadly this pursuit of short term gains has all but killed the golden goose (the middle class), and with it America's long term prospects.


Only Congress has the ability to restore the balance which existed in years past that created the vibrant American economy and the world's highest standard of living. Absent any better answer, and their is none, the obvious solution is to return to the pre 1980 model which created it.
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